This past week in gold
Posted Jun 30, 2014
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.
(Click on images to enlarge)
This week's COT data is shocking as speculation went from extreme bearish to extreme bullish in just three weeks. Caution is advised.
Long term - on major sell signal since Mar 2012.
Short term - on buy signals.
Gold sector cycle - up as of 6/20.
With COT data already at levels of previous tops, upside is limited and risk has increased for the sector, caution is advised.
Jun 28, 2014
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